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Pozi scheme

作者:Zhang Xi…    文章来源:chinadaily    点击数:    更新时间:2009-3-13     


Q: Bernard L. Madoff is facing life in prison for operating a vast Ponzi scheme that began at least 20 years ago and consumed billions of dollars of other people's money.

What does Ponzi scheme mean?

Ponzi scheme is what is popularly known here as the “pyramid selling” (which is illegal in China), an investment system that pays early investors (handsomely) with money paid by later investors, who are often recruited by the early birds themselves.

The scheme was named after American Charles Ponzi (1882-1949), one of the first swindlers to profit from the pyramid scheme.

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文章录入:willgonow    责任编辑:xiaoniu 

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